CVY 0.00% 11.0¢ coventry resources limited

20c by xmas?, page-11

  1. 509 Posts.
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    My understanding is that there is a proven 2m ounces of gold in the ground. by international standards its valued at $70 per ounce. So that values the company at $140m . not $25m presently.
    Hardman is a little ambitious re the mining which is not soon but 2 plus years out.
    However further exploration might increase the in ground value by a number of million ounces.
    With the aussie going down one has to put ones money elsewhere why not gold. I wish to invest in gold but
    future and exploration gold companies like CVY with low cost expectations like Oceana in the Phillopines.
 
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